The US Dollar Index (DXY) is approaching the hurdle from January/March highs of 105.40/105.80. Economists at Société Générale analyze DXY’s technical
DXY formed an important trough near 99.50 in July and quickly re-entered within the previous multi-month range; this has resulted in a rebound phase. The index has recently approached the peaks of last January/March near 105.40/105.80, which is also the upper limit of a steeper ascending channel. An initial pullback can’t be ruled out, however, the recent pivot low near 102.90 should be an important support.
It would be interesting to see if the index can overcome the resistance zone at 105.40/105.80. This break is essential for affirming a larger uptrend.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
USD Index regains composure and retargets 105.00, focus on US CPIThe greenback, when measured by the USD Index (DXY), manages to pick up some traction and regains the 104.70/80 band on turnaround Tuesday. USD Index
Weiterlesen »
USD Index Price Analysis: Focus is back on the 105.00 hurdleDXY sets aside Monday’s bearish performance and looks to revisit the key 105.00 zone on Tuesday. The continuation of the multi-week rally appears well
Weiterlesen »
Joseph Eskenazi, once oldest living Pearl Harbor survivor, dies at 105Army Pfc. Joseph Eskenazi was the oldest living survivor of the attack on Pearl Harbor. He died Sept. 9 at the age 105.
Weiterlesen »
USD Index takes a break, trades lower around 104.70US Dollar Index (DXY), which compares the performance of the US Dollar (USD) against six other major currencies, trades lower around 104.80 slightly b
Weiterlesen »
USD Index could edge towards the top of a 104.50-105.00 short-term rangeThe Dollar softened a little on Monday. Economists at ING analyze Greenback’s outlook. Focusing on OPEC production figures and the NFIB survey today W
Weiterlesen »
NZD/USD reclaims the 0.5900 area amid the weaker USD, eyes on US CPIThe NZD/USD pair recovers some lost ground and reclaims the 0.5900 mark during the early Asian trading hours on Monday. The absence of economic data o
Weiterlesen »